EX4-J
VARIABLE ANNUITY AMENDMENT
Made a part of the Contract to which it is attached.
This Amendment is effective only if the Owner is a non-natural person and the
Contract names Joint Annuitants. The Owner may not change the Joint Annuitants
at any time.
The following provisions completely replace the provisions of the same title in
the contract:
DEATH BENEFIT. Upon the death of the first of the Joint Annuitants to die,
unless the Owner elects to receive the Death Benefit and terminate the contract,
the Company will pay into the Annuity Account Value an amount equal to the
excess of the Death Benefit over the Annuity Account Value for the Valuation
Period during which the Death Benefit election is effective or is deemed to
become effective.
Provided the Contract remains in force until the death of the second of the
Joint Annuitants to die, upon the death of the second of the Joint Annuitants to
die, the Company will pay the Death Benefit to the Owner and the Contract will
terminate.
The Death Benefit will be paid if the Company is in receipt of: (1) proof,
satisfactory to the Company, of the death; (2) written authorization for
payment; and (3) all claim forms, fully completed.
All Death Benefit payments will be subject to the laws and regulations governing
death benefits.
PAYMENT OF DEATH BENEFIT. If the Death Benefit is to be paid in one lump sum or
is to be paid into the Annuity Account Value, payment of the Death Benefit will
be made within 7 days of the date the Death Benefit election becomes effective
or is deemed to become effective, provided due proof of the death is received by
the Company at its Home Office, except as the Company may be permitted to defer
any such payment of amounts derived from the Variable Account in accordance with
the Investment Company Act of 1940. If settlement under the settlement options
provision is elected, the Income Payments will commence 30 days following the
effective date or the deemed effective date of the election and the Annuity
Account will be maintained in effect until such Income Payments commence.
AMOUNT OF DEATH BENEFIT. The Death Benefit is determined as of the effective
date or deemed effective date of the Death Benefit Election and is equal to the
greatest of (a) the Annuity Account Value for the Valuation Period during which
the Death Benefit election is effective or is deemed to become effective, (b)
the sum of all the Premium Payments made under the contract, minus the sum of
all partial withdrawals, partial annuitizations, or premium tax deduction, or
(c) the highest Annuity Account Value ever attained on a Contract Anniversary
Date occurring on or before the 80th birthday of the deceased person upon whose
death the Death Benefit is payable, increased by the sum of all Premium Payments
made since such Contract Anniversary Date and decreased by the sum of all
partial withdrawals, partial annuitizations, and premium tax deductions made
since such Contract Anniversary.
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Xxx X. Xxxxxx, President
Form DBJ99
